SRE Sempra (SRE) Q3 FY25 earnings call
Sempra delivered strong Q3 FY25 adjusted earnings, driven by strategic portfolio optimization and robust growth in its U.S. utilities, particularly in Texas. The company affirmed its full-year 2025 and 2026 EPS guidance, buoyed by the planned $10 billion Sempra Infrastructure stake sale which will fortify the balance sheet and fund a significantly expanded capital plan for Oncor. Management is prioritizing Texas investments, anticipating substantial rate base growth, while also navigating California's evolving regulatory landscape and derisking wildfire liabilities.
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Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.